GUN gunson resources limited

Gunson Resources (ASX:GUN) has received further notices of...

  1. Gunson Resources (ASX:GUN) has received further notices of substantial shareholding from Kabunga Holdings with a 5.17% interest and Artemis Corporate with a 5.78% stake.

    Kabunga had received 31,404,810 shares from Gunson’s recent $2.5 million all-scrip takeover of Strandline Resources while Artemis received 35,123,801 shares.

    The company is carrying out reconnaissance and auger drilling across its highly ranked mineral sands targets in Tanzania.

    The Strandline acquisition includes tenements covering over 2,000 square kilometres along the Tanzanian coast.
       
    These are located in the same geological setting as world class operating mineral sands projects in Kenya, Mozambique and Madagascar.

    The 6 week program will be followed by an intensive 6‐12 month campaign (including high‐impact drilling) on priority targets, with a view to delineating at least one significant resource area near key infrastructure.

    In the September quarter, Gunson completed a private placement of 146.67 million shares at $0.015 each to raise $2.2 million.



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Currently unlisted public company.

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